🔴 APLD is trading 5.5% down today after Strong Sell rating and crypto weakness

APLD is trading 5.5% down at $38.70 following a Strong Sell rating and continued pressure on crypto-related names.

• The stock extends its recent slide after falling 7.3% on June 24 and 2.5% on June 25.
• Broader declines in Bitcoin and Ethereum are weighing on sentiment toward Applied Digital’s crypto and AI data-center business.